Global Payments (GPN) Revenue — Quarter Ended Mar 31, 2024
Revenue increased compared to both the prior quarter and the same quarter a year earlier. The growth was driven by higher contributions from Merchant Solutions and Issuer Solutions.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased compared to both the prior quarter and the same quarter a year earlier. The growth was driven by higher contributions from Merchant Solutions and Issuer Solutions.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.4B
Revenue reported for this quarter.
Quarter-over-quarter
+1420.4%
Change from the immediately preceding quarter.
Year-over-year
+5.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $2.5B | +7.5% |
| Sep 30, 2023 | $2.5B | +8.3% |
| Dec 31, 2023 | $159.2M | -92.9% |
| Mar 31, 2024 | $2.4B | +5.6% |
Revenue performance
Merchant Solutions and Issuer Solutions both reported higher revenue, while Consumer Solutions revenue was absent in the current quarter. Consolidated revenue rose as a result.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was significantly higher, reflecting a recovery from an unusually low level. Compared to the same quarter one year earlier, revenue was also higher, with growth across key segments.
What to watch
The absence of Consumer Solutions revenue in the current quarter and the prior quarter's unusual revenue level are notable for future periods.